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Egypt Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Egypt Paints and Coatings Market is Segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Waterborne, Solvent-borne, and Other Technologies), and End User (Architectural, Automotive, Wood, Protective Coating, General Industrial, and Other End Users).

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Egypt Paints and Coatings Market Size

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Egypt Paints and Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.98 Billion
Market Size (2029) USD 1.24 Billion
CAGR (2024 - 2029) 4.84 %
Market Concentration High

Major Players

Egypt Paints and Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Egypt Paints and Coatings Market with other markets in Chemicals & Materials Industry

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Egypt Paints and Coatings Market Analysis

The Egypt Paints and Coatings Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.24 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).

  • The primary factor driving the market is increasing investments in the petrochemical and residential sectors.
  • Numerous power plant projects in the pipeline are likely to act as an opportunity for the market studied.
  • By end user, the architectural segment is expected to dominate the market due to an increase in construction activities in the region.

Egypt Paints and Coatings Market Trends

This section covers the major market trends shaping the Egypt Paints & Coatings Market according to our research experts:

Acrylic Resin Type to Dominate the Market

  • Acrylic resins are the most widely used polymers in the paints and coatings industry. Most acrylic paints are water- or solvent-based and are available as emulsions (latices), lacquers (lower volume solids), enamels (higher volume solids), and powders (100% solids).
  • Common acrylic polymers come in a wide variety of types and combinations, such as methyl and butyl methacrylate.
  • The two principal forms of acrylic used are thermoplastic and thermoset. Thermoplastics acrylic resins are synthetic resins achieved by the polymerization of different acrylic monomers. Thermosets are cured at elevated temperatures by reacting with other polymers.
  • Acrylic resin has major performance advantages, such as gloss, exterior durability, corrosion resistance, chemical resistance, solvent resistance, and hardness.
  • Application of acrylic coatings is primarily found in the construction industry for high-end finishing in roofs, decks, bridges, floors, and other applications. Water-based acrylic coatings are high in demand due to the environmental concerns, like the negative impact of VOCs affecting the air quality.
Egypt Paints and Coatings Market, Revenue CAGR (%), by Resin Type, Egypt, 2022-2027

Increasing Demand from Architectural Segment

  • Architectural paints and coatings are by far the largest segment in the whole paints and coatings industry. Architectural coatings are meant to protect and decorate the surface features.
  • These are used to coat buildings, homes, commercial applications, such as office buildings, warehouses, retail convenience stores, and shopping malls, and residential buildings.
  • The construction industry in Egypt has been among the fastest-growing in the world, expanding by an average of over 9% in the past few years. The country's construction projects accounted for about 10% of the total number of construction projects in Africa.
  • The market witnessed recovery in 2021, with the increasing demand from the architectural industry, growing urbanization, and rising demand for eco-friendly coatings with new project announcements (such as the Green Cities Program, the Noor City Project in East Cairo, and skyscrapers at New Alamein Egypt).
  • Egypt has around 1,400 development projects, of which almost 70% of the ventures are in the advance stage and the remaining in the initial stage. There are upcoming projects in Mountain View iCityin New Cairo. Such factors are fuelling the demand for architetcural coatings in the country.
Egypt Paints and Coatings Market, Revenue CAGR (%), By End-user, Egypt, 2022-2027

Egypt Paints and Coatings Industry Overview

The Egyptian paints and coatings market is consolidated in nature, with the top five players accounting for over 70% of the market share. Some of the key companies in the market include (not in any particular order) Scib Paints (Asian Paints), MIDO Coatings, PACHIN, Akzonobel NV, GLC Paints, and Sipes Egypt.

Egypt Paints and Coatings Market Leaders

  1. Sipes Egypt

  2. MIDO Coatings

  3. PACHIN

  4. GLC Paints​

  5. Scib Paints (Asian Paints)​

*Disclaimer: Major Players sorted in no particular order

Egypt Paints and Coatings Market Concentration
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Egypt Paints and Coatings Market News

  • In September 2022, Hempel launched a new protective coating, Hempablade Edge 171, for leading-edge protection (LEP) on wind turbine rotor blades. The product has the highest rain erosion performance data for a liquid LEP, and some of the lowest dry film thicknesses provide long-term protection against rain erosion and reduce time and costs during application.
  • In June 2022, Hempel launched a new product, Hemaprime CUI 275, which is a fast-drying CUI coating. This coating is highly resistant to corrosion and temperature. The product is made to increase production and provide protection against corrosion in the energy segment and oil and gas stations.

Egypt Paints and Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Petrochemical (Oil and Gas) Projects in the Country

      2. 4.1.2 Growing Demand from Residential Sector

    2. 4.2 Restraints

      1. 4.2.1 Slowdown in Automotive Industry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Resin Type

      1. 5.1.1 Acrylic

      2. 5.1.2 Alkyd

      3. 5.1.3 Polyurethane

      4. 5.1.4 Epoxy

      5. 5.1.5 Polyester

      6. 5.1.6 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Waterborne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Other Technologies

    3. 5.3 End User

      1. 5.3.1 Architectural

      2. 5.3.2 Automotive

      3. 5.3.3 Wood

      4. 5.3.4 Protective Coating

      5. 5.3.5 General Industrial

      6. 5.3.6 Other End Users

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 GLC Paints

      3. 6.4.3 Hempel AS

      4. 6.4.4 Jotun

      5. 6.4.5 KAPCI Paints

      6. 6.4.6 MIDO Coatings

      7. 6.4.7 National Paints Factories Co. Ltd

      8. 6.4.8 ORIENT PAINTS

      9. 6.4.9 Pachin

      10. 6.4.10 Scib Paints (Asian Paints)

      11. 6.4.11 SIGMA Paints

      12. 6.4.12 Sipes Egypt

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Egypt Paints and Coatings Industry Segmentation

The Egyptian paints and coatings market is segmented by resin type, technology, and end user. By resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types), technology (waterborne, solvent-borne, and other technologies. By end user, the market is segmented by architectural, automotive, wood, protective, general industrial, and other end users. The report offers market size and forecasts for Egypt's paints and coatings market in revenue (USD million) for all these segments.

Resin Type
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Technology
Waterborne
Solvent-borne
Other Technologies
End User
Architectural
Automotive
Wood
Protective Coating
General Industrial
Other End Users
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Egypt Paints and Coatings Market Research FAQs

The Egypt Paints and Coatings Market size is expected to reach USD 0.98 billion in 2024 and grow at a CAGR of 4.84% to reach USD 1.24 billion by 2029.

In 2024, the Egypt Paints and Coatings Market size is expected to reach USD 0.98 billion.

Sipes Egypt , MIDO Coatings, PACHIN, GLC Paints​ and Scib Paints (Asian Paints)​ are the major companies operating in the Egypt Paints and Coatings Market.

In 2023, the Egypt Paints and Coatings Market size was estimated at USD 0.93 billion. The report covers the Egypt Paints and Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Egypt Paints and Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Egypt Paints and Coatings Industry Report

Statistics for the 2024 Egypt Paints and Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Paints and Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Egypt Paints and Coatings Market Report Snapshots

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Egypt Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)